Estee Lauder director granted cash-settled stock units

FRIBOURG PAUL J reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

FRIBOURG PAUL J reported acquisition or exercise transactions in this Form 4 filing.

ESTEE LAUDER COMPANIES INC director Paul J. Fribourg received a grant of 420.4000 Stock Units (cash payout) on May 15, 2026 as a compensation award. Each stock unit is tied to the value of one share of Class A Common Stock on a 1:1 basis.

The award was granted in lieu of cash for quarterly board, committee chair, and committee member retainers and will be paid in cash on the first business day of the calendar year after his service as a director ends. Following this grant, his reported balance in these stock units is 41489.0500.

Insider Trade Summary

Grant/Award: 420.4 shares

Grant/Award 1 txn

Insider FRIBOURG PAUL J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Units (Cash Payout)	420.4	$80.28	$34K

Holdings After Transaction: Stock Units (Cash Payout) — 41,489.05 contracts (Direct)

Footnotes (3)

1. F1. Each stock unit (cash payout) is convertible into cash equal to the value of one share of Class A Common Stock (i.e. 1:1).
2. F2. Represents grant of Stock Units in lieu of cash for quarterly board, committee chair, and committee member retainers.
3. F3. The Stock Units (cash payout) will be paid out the first business day of the calendar year following the last date of the Reporting Person's service as a director of the Company.

Key Figures

Stock Units granted: 420.4000 units Reference value per unit: $80.2800 per unit Units following grant: 41489.0500 units +1 more

4 metrics

Stock Units granted 420.4000 units Grant of Stock Units (cash payout) on May 15, 2026

Reference value per unit $80.2800 per unit Value tied to one share of Class A Common Stock

Units following grant 41489.0500 units Total reported Stock Units after this compensation grant

Conversion ratio 1:1 to Class A share value Each Stock Unit equals cash equal to one Class A share

Key Terms

Stock Units (Cash Payout), Class A Common Stock, grant, award, or other acquisition, quarterly board, committee chair, and committee member retainers

4 terms

Stock Units (Cash Payout) financial

"Each stock unit (cash payout) is convertible into cash equal to the value of one share of Class A Common Stock"

Class A Common Stock financial

"value of one share of Class A Common Stock (i.e. 1:1)"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

quarterly board, committee chair, and committee member retainers financial

"Represents grant of Stock Units in lieu of cash for quarterly board, committee chair, and committee member retainers"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Estee Lauder (EL) director Paul J. Fribourg report in this Form 4?

Paul J. Fribourg reported receiving 420.4000 Stock Units (cash payout) as a compensation grant. These units are linked 1:1 to the value of Estee Lauder Class A Common Stock and increase his reported stock unit balance to 41489.0500.

How are the Estee Lauder (EL) Stock Units reported by Paul J. Fribourg valued?

Each Stock Unit is valued based on one share of Estee Lauder Class A Common Stock at a reference price of 80.2800. The units are cash-settled, meaning the payout amount is tied to the share value rather than delivered in actual shares.

Why did Paul J. Fribourg receive Stock Units instead of cash from Estee Lauder (EL)?

The filing states the 420.4000 Stock Units were granted in lieu of cash for quarterly board, committee chair, and committee member retainers. This structure compensates the director based on the company’s share value rather than a traditional cash retainer payment.

When will Paul J. Fribourg’s Estee Lauder (EL) Stock Units be paid out?

According to the footnotes, the Stock Units will be paid in cash on the first business day of the calendar year following the last date of his service as a director. This defers compensation until after his board tenure ends.

Does Paul J. Fribourg’s Form 4 show buying or selling of Estee Lauder (EL) shares?

The Form 4 shows an acquisition via a grant of Stock Units, coded as a grant, award, or other acquisition. It does not report any open-market buying or selling of Estee Lauder Class A Common Stock shares in this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/18/2026 - 12:22 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FRIBOURG PAUL J

(Last) (First) (Middle)

C/O CONTIGROUP COMPANIES, INC.

767 FIFTH AVENUE

(Street)

NEW YORK NEW YORK 10153

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ESTEE LAUDER COMPANIES INC [ EL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Units (Cash Payout)	(1)	05/15/2026		A(2)		420.4		(3)	(3)	Class A Common Stock	420.4	$80.28	41,489.05	D

Explanation of Responses:

1. Each stock unit (cash payout) is convertible into cash equal to the value of one share of Class A Common Stock (i.e. 1:1).

2. Represents grant of Stock Units in lieu of cash for quarterly board, committee chair, and committee member retainers.

3. The Stock Units (cash payout) will be paid out the first business day of the calendar year following the last date of the Reporting Person's service as a director of the Company.

Remarks:

	Paul J. Fribourg, by Robin Cohen, Attorney-in-fact	05/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)